TAX/TOBACCO TAX: Levies an additional tax on cigarettes (OR +$50,000,000 GF RV See Note)

HB 390 adds a new tax of 1.65 cents per cigarette in Louisiana, effective July 1, 2025. This tax applies to all cigarette purchases by retail and wholesale dealers after that date, directly affecting these businesses. The bill requires dealers to submit an inventory report of all cigarettes on hand before July 1, 2025, by August 1, 2025, and excludes pre-existing stamped products from the new tax. It does not change existing tobacco tax rates but adds this specific per-cigarette levy.